Shentu (CTK) stands out as a blockchain platform that prioritizes security in the DeFi world. As Kriptokoin.com, in this article, we will provide detailed information about the solutions offered by Shentu and the usage areas of CTK Coin, and we will examine questions such as what is CTK Coin, how it works and what features it has. .
What is CTK Coin?
Shentu (CTK) is a blockchain platform that prioritizes security in the world of decentralized finance (DeFi). Shentu is a project that aims to increase the security of smart contracts and blockchain infrastructure in particular. The platform offers advanced security solutions to protect users’ digital assets and aims to provide a trusted infrastructure for decentralized applications (dApps) by making security analytics accessible on-chain.
Shentu provides high performance and economic efficiency using the Delegated Proof-of-Stake (DPoS) consensus protocol. This protocol allows users to contribute to the security of the network by staking and earn rewards. Furthermore, Shentu is compatible with the Cosmos framework, allowing the platform to easily integrate with other blockchain networks. This makes Shentu a flexible and extensible platform.
Key Features of Shentu
As a security-focused blockchain platform, Shentu (CTK) offers various security solutions and technologies. These solutions include Shentu Security Oracle, ShentuShield and Shentu CVM (CertiK Virtual Machine). Shentu Security Oracle is a decentralized security platform that uses CTK tokens to verify the security of smart contracts and rewards parties that provide security analysis.
ShentuShield is a decentralized fund created to compensate for lost assets in the blockchain ecosystem. CTK holders can earn higher rewards by staking into these pools. This system incentivizes users to take risks, while at the same time increasing the security of the ecosystem. Shentu CVM is a virtual machine compatible with EVM (Ethereum Virtual Machine) and enables smart contracts to run securely.
Uses of CTK Coin
CTK is the native cryptocurrency of the Shentu platform and is used as the main means of payment for transactions on the platform. CTK is required for users to interact and utilize various services on the Shentu Chain platform. Staking allows users to contribute to the security of the network by locking CTK tokens for a certain period of time, and in the process, users earn staking rewards.
CTK is also used for the ShentuShield pools available on the Shentu platform. These pools are decentralized funds created to compensate for lost assets in the blockchain ecosystem. CTK holders can earn higher rewards by actively staking in these pools. This system incentivizes users to take risks, while at the same time increasing the security of the ecosystem.
Shentu’s Project and Purpose
Shentu’s main goal is to maximize security in the blockchain world. To this end, Shentu offers various security solutions and technologies. Shentu’s projects include Shentu Security Oracle, ShentuShield and Shentu CVM. These projects are designed to enhance the security of the blockchain ecosystem.
Shentu Security Oracle is a decentralized security platform and provides security analytics on-chain. This oracle uses CTK tokens to verify the security of smart contracts and provides rewards to parties that provide security analysis. This system ensures that researchers are incentivized and vulnerabilities are detected quickly.
CTK Coin Price Reviews
CTK Coin price is currently trading at $0.6198. This price can be influenced by many factors and is a level that investors should watch carefully. Shentu’s security services and contributions to blockchain projects could increase the value of CTK Coin.
According to experts, in the short term, the price of CTK Coin could fluctuate between $0.50 and $0.70, depending on the current market conditions and the progress of the projects developed by Shentu. In the medium term, if Shentu continues to grow with new partnerships and projects, the price of CTK Coin is expected to rise between $1 and $1.50. In the long term, as the demand for Shentu’s security solutions increases and the security needs of blockchain projects grow, the price of CTK Coin is expected to reach $2 to $3.
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